Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the discount and the proceeds. a) Discount = 300 OMR, Proceeds = 3250 OMR b) Discount = 300 OMR, Proceeds = 3300 OMR c) Discount = 320 OMR, Proceeds = 4480 OMR d) Discount = 350 OMR, Proceeds = 4050 OMR

Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the discount and the proceeds. a) Discount = 300 OMR, Proceeds = 3250 OMR b) Discount = 300 OMR, Proceeds = 3300 OMR c) Discount = 320 OMR, Proceeds = 4480 OMR d) Discount = 350 OMR, Proceeds = 4050 OMR

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

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Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the
discount and the proceeds.
a) Discount = 300 OMR, Proceeds = 3250 OMR
b) Discount = 300 OMR, Proceeds = 3300 OMR
c) Discount = 320 OMR, Proceeds = 4480 OMR
d) Discount = 350 OMR, Proceeds = 4050 OMR

Cinda deposits $570 at the end of each quarter in her savings account. If the account earns 5.75%,
how much money will she have in 3 years?
a) $7205.65
b) $7207.53
c) $4732.66
d) $7407.55

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